Short
PLTR Analysis: Wave 5 Reaching Its Peak
Don't get carried away by the hype. 📉 We're currently in wave 5 of the Elliott Wave cycle, where the market sentiment is at its highest, and those who invested earlier have already secured gains of over 150% 💰.
Ask yourself—will these investors hold or start taking profits? 🤔
Historically, when a stock is all over the news, it signals that we're nearing the top. 🚨
🔴 RSI Alert: The RSI is extremely high, and we are entering a phase of extreme greed.
This is a classic sign that a reversal may be on the horizon.
We're now in the distribution phase, where smart money is selling before the blow-off phase begins.
Be ready for a potential correction and retracement. ⚠️
📊 Key Takeaways:
We're in wave 5 of the Elliott Wave cycle.
RSI is high, signaling overbought conditions.
The extreme greed phase could lead to a sharp pullback.
Monitor for signs of a blow-off top and be cautious of overexposure.
Stay vigilant and watch the levels closely.
This could be a turning point! 📉
Disclaimer: I'm not a financial advisor.
This analysis is for informational purposes only. Always do your own research before making any investment decisions.
#PLTR #ElliottWave #RSI #StockMarket #ExtremeGreed #InvestSmart #TechnicalAnalysis #MarketPsychology #TradingView
Ask yourself—will these investors hold or start taking profits? 🤔
Historically, when a stock is all over the news, it signals that we're nearing the top. 🚨
🔴 RSI Alert: The RSI is extremely high, and we are entering a phase of extreme greed.
This is a classic sign that a reversal may be on the horizon.
We're now in the distribution phase, where smart money is selling before the blow-off phase begins.
Be ready for a potential correction and retracement. ⚠️
📊 Key Takeaways:
We're in wave 5 of the Elliott Wave cycle.
RSI is high, signaling overbought conditions.
The extreme greed phase could lead to a sharp pullback.
Monitor for signs of a blow-off top and be cautious of overexposure.
Stay vigilant and watch the levels closely.
This could be a turning point! 📉
Disclaimer: I'm not a financial advisor.
This analysis is for informational purposes only. Always do your own research before making any investment decisions.
#PLTR #ElliottWave #RSI #StockMarket #ExtremeGreed #InvestSmart #TechnicalAnalysis #MarketPsychology #TradingView
Note
Ryan D. Taylor, Chief Revenue Officer and Chief Legal Officer, on October 04, 2024, sold 195,500 shares in Palantir Technologies @ PLTR for $7,820,704
Curious why he sold so many shares… Could it be that we’ve hit the peak, and a 30% drop is on the horizon? 😏
Interesting
Trade fermée: ordre d’arrêt atteint
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.